Wells to raise minimum stock commission size for FAs
(Reuters) – When the almost 11,000 financial advisers in Wells Fargo & Co’s branch brokerage system get their 2015 compensation plan on Wednesday they may grimace at one change that could hit their pay, or cost their customers a little more.
Japan export growth slows, maintains policy pressure on Abe
TOKYO (Reuters) – Japan’s exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen, maintaining economic policy pressure on Prime Minister Shinzo Abe days after his …
Asian business sentiment rebounds in fourth quarter with India most optimistic
NEW DELHI (Reuters) – Business sentiment among Asia’s top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices….
Honda ran tests on fatal air bag flaw, frustrated by Takata reticence: sources
TOKYO (Reuters) – Honda Motor Co was so concerned by mounting recalls for Takata air bags, and frustrated by its supplier’s failure to explain why some have exploded, killing five people with shrapnel, that it bought used and scrapped cars in Japan to …
Fannie Mae, Freddie Mac to lose market share to private capital: CBO
WASHINGTON (Reuters) – America’s government-controlled mortgage finance giants, Fannie Mae and Freddie Mac, will likely guarantee a shrinking share of new loans over the next decade, congressional analysts said on Tuesday.
GE sees 2015 profit pressured by ‘sluggish’ oil business
NEW YORK (Reuters) – General Electric Co gave a 2015 profit forecast range on Tuesday that barely included Wall Street’s target as the U.S. conglomerate braced for a “sluggish” oil and gas sector due to plunging crude prices.
Russian ruble suffers steepest drop in 16 years
MOSCOW (Reuters) – The ruble plunged more than 11 percent against the dollar on Tuesday in its steepest intraday fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual rate hike.
Top Democrat says regional banks key to Wall Street win on derivatives
WASHINGTON (Reuters) – A top Democrat in the U.S. House of Representatives on Tuesday said unpopular Wall Street banks got a long-sought rollback to Dodd-Frank reforms through Congress last week partly by leveraging the influence of smaller banks that …
U.S. slaps hefty duties on solar goods from China, Taiwan
WASHINGTON (Reuters) – The United States confirmed steep import duties on solar products from China and Taiwan on Tuesday in a decision that may inflame trade tensions between the two countries.
American Apparel names new CEO, officially ousts founder
(Reuters) – American Apparel Inc has fired its Chief Executive Officer Dov Charney six months after suspending him, ending a tenure racked with sexual assault allegations and scandal.
